The U.S. Composites Market size was valued at USD 16.39 billion in 2023 and is projected to reach USD 23.53 billion by 2032, exhibiting a CAGR of 5.3 % during the forecasts period. Composites typically refers to composite materials in the context of engineering and materials science. These materials are made from two or more constituent materials with significantly different physical or chemical properties, which when combined, produce a material with characteristics different from the individual components. The U.S. composites market is a dynamic sector characterized by robust growth and technological innovation. The market has experienced substantial expansion driven by increasing demand for lightweight, durable, and corrosion-resistant materials. Composites offer superior strength-to-weight ratios compared to traditional materials such as metals, making them ideal for applications where weight reduction is critical, such as aircraft and automotive components. Moreover, their versatility allows for customization of properties to meet specific performance requirements, enhancing their appeal across diverse industrial sectors. The U.S. composites market is characterized by ongoing technological advancements, spurred by research and development efforts aimed at enhancing material performance, reducing production costs, and expanding application possibilities. Recent developments include: In February 2024, Owens Corning has announced their definitive agreement to acquire all outstanding shares of Masonite for $133.00 per share in cash. The deal represents a premium of about 38% to Masonite’s closing share price and about 46% to Masonite’s 20-day volume-weighted average price. The transaction value is around $3.9 billion, implying a purchase multiple of approximately 8.6x 2023E adjusted EBITDA2 or 6.8x when including synergies of $125 million. , In September 2023, Huntsman Corporation announced the start of construction on the 30-ton MIRALON® carbon nanotube materials plant. This plant, which is one of the largest of its kind in the Americas, converts methane gas to carbon nanotubes and clean-burning hydrogen. It is a significant step forward in commercializing the innovative MIRALON® technology and brings the industry closer to an industrial-scale production facility. , In February 2020, DuPont announced its plan to significantly expand the global capacity for DuPont™ Nomex® paper. This investment is aimed at increasing and sustaining the reliability of supply to better meet the growing needs of the aerospace, automotive, and electrical infrastructure markets. A joint venture partnership with Nippon Paper Papylia was formed to create this capacity expansion. .

The market value of composites in the United States amounted to more than ** billion U.S. dollars in 2019. That was an increase of more than **** billion U.S. dollars compared to the 2013 U.S. market value of composites. Composite materials have a high strength-to-weight ratio and are in high demand from the automotive industry for lightweighting purposes because of this.

The US advanced composites market, valued at approximately $15 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 13% through 2033. This expansion is driven by several key factors. Firstly, the increasing demand for lightweight yet high-strength materials in the automotive and aerospace sectors is a major catalyst. Electric vehicles (EVs), in particular, are significantly boosting demand for composite materials due to their ability to improve battery life and overall vehicle efficiency. Secondly, advancements in manufacturing processes like automated fiber placement and resin transfer molding are leading to improved production efficiency and reduced costs, making composites more competitive against traditional materials. Furthermore, the growing focus on sustainability and reducing carbon emissions is driving adoption, as composites offer weight reduction leading to fuel efficiency gains. The strong presence of major automotive manufacturers and aerospace companies in the US further fuels this growth. However, challenges remain. High initial material and processing costs compared to traditional materials can hinder broader adoption, particularly in price-sensitive sectors. The complexity of composite manufacturing and the need for specialized skills and equipment pose barriers to entry for smaller companies. Furthermore, concerns about the recyclability and end-of-life management of composite materials are emerging, requiring innovative solutions for sustainable lifecycle management. Despite these restraints, the long-term outlook remains positive, driven by ongoing technological advancements, increasing government support for sustainable technologies, and the strong demand from key industries. The market segmentation reveals strong growth in the automotive sector, particularly in applications such as structural assemblies and powertrain components. The use of carbon fiber composites is expected to increase significantly due to its superior strength-to-weight ratio, although the higher cost will continue to limit its widespread adoption compared to glass fiber. Notable trends are: Growing Demand for Lightweight Materials.

US Automotive Composite Materials Market is Segmented by Application Type (Structural Assembly, Powertrain Component, Interior, Exterior, and Others), Process Type (Hand Layup / Manual Process, Compression Molding, Injection Molding, and Continuous Process), and Material Type (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Glass Fiber).

In US Composites in Construction Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

The US Defense Composites Market size was valued at USD 10.3 Billion in 2024 and is projected to reach USD 15.51 Billion by 2032, growing at a CAGR of 5.6% from 2025 to 2032.

Key Market Drivers:

The Increased Emphasis on Lightweight Materials: According to the Department of Defense's 2023 budget report, budgetary allocations for lightweight composite materials research and development increased by 15% over the previous fiscal year. This move is motivated by the fact that composite materials may lower aircraft weight by 20-30% when compared to standard metallic materials, resulting in substantial fuel savings and improved performance.

Increased Demand for Ballistic Protection and Armor Systems: According to the U.S. Army's Program Executive Office Soldier, composite armor systems can be 40% lighter than traditional armor while providing similar or higher protection levels.

It was forecast in 2015 that the market value of carbon fiber composites in the United States would be ************* U.S. dollars in 2024. This statistic shows the market value of carbon fiber composites in the United States from 2013 to 2015, with forecasted figures for 2016 to 2024.

The United States Automotive Glass Fiber Composites Market is Segmented by Intermediate Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Other Intermediate Types), and Application Type (Interior, Exterior, Structural Assembly, Power-Train Components, and Other Application Types)

The US defense composites market, a significant segment of the broader defense industry, is experiencing steady growth, driven by increasing demand for lightweight, high-strength materials in military applications. The market's Compound Annual Growth Rate (CAGR) of 2.50% from 2019-2033 indicates a consistent expansion, albeit a moderate one, reflecting both established technological integration and a cautious approach to significant budgetary changes. Key drivers include the ongoing modernization of military aircraft (both manned and unmanned), naval vessels, and land vehicles, coupled with the growing adoption of advanced composite materials in protective equipment for personnel. The preference for composites stems from their superior strength-to-weight ratio, improved durability, and enhanced performance compared to traditional materials. Thermoset composites currently dominate the market due to their established maturity and performance characteristics, though thermoplastic composites are gaining traction due to their recyclability and potential for cost reduction. The increasing focus on reducing the overall weight of military platforms for improved fuel efficiency and maneuverability further fuels this market segment's growth. Significant restraining factors include the high initial cost of composite materials and the specialized manufacturing processes required. Furthermore, concerns regarding the long-term durability and repairability of composite structures in demanding military environments contribute to a measured growth trajectory. However, ongoing research and development in composite materials technology, aimed at addressing these limitations, are expected to mitigate these restraints over the forecast period. Segmentation reveals significant market share held by manned aircraft applications, followed closely by unmanned systems, reflecting the ongoing investment in both legacy systems upgrades and next-generation platforms. The North American region, particularly the United States, represents a substantial market share, owing to the presence of major defense contractors and significant government spending on defense. This dominance is projected to continue due to continuous investment in defense technologies and ongoing modernization efforts. The competitive landscape is characterized by a mix of large established players and specialized smaller firms, resulting in innovation and competitive pricing within the market. Recent developments include: In June 2020, Spirit AeroSystems announced that the Department of Defense (DoD) allocated USD 80 million to Spirit Aerospace to expand domestic production capability for advanced tooling and fabricate composite parts for military programs. Earlier grants from the program also helped Spirit to develop technology for fabricating a large composite panel utilizing a laser heating system., In February 2020, researchers at Florida Atlantic University's College of Engineering and Computer Science received USD 0.57 million from the Combating Terrorism Technical Support Office (CTTSO) under the advanced Armor Materials Program to develop advanced nanocomposite fibers for body armor. The researchers aim to develop nanocomposite fibers that possess excellent strength, modulus, and fracture strain, which will lead to high energy absorption and fast dissipation., . Notable trends are: The Thermoplastic Composites Segment is Expected to Register the Highest Growth Rate During the Forecast Period.

The U. S Automotive Thermoplastic Polymer Composite Market is Segmented by Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), by Application Type (Structural Assembly, Power Train Components, Interior, Exterior, and Others)

US Automotive Composites Market is projected to grow around USD 7.8 billion by 2031, at a CAGR of 13.5% during the forecast period.

This statistic shows the market value of glass fiber composites in the United States from 2013 to 2015, with forecasted figures for 2016 to 2024. It is forecasted that the market value of glass fiber composites will be 9.8 billion U.S. dollars in 2024.

Market Analysis The US Advanced Composites market has been experiencing steady growth, reaching a value of $14,770.84 million in 2025. Driven by factors such as increasing demand for lightweight and high-performance materials in aerospace, wind energy, and automotive industries, the market is projected to grow at a CAGR of 6.26% during the forecast period 2025-2033. Key trends include the adoption of advanced manufacturing processes, such as automated fiber placement and resin transfer molding, and the development of new composite materials with improved properties. Market Segmentation The US Advanced Composites market is segmented by resin type, fiber type, application, end-use industry, and region. The largest segment by resin type is advanced thermosetting resin, followed by advanced thermoplastic resin. Carbon fiber composites hold the largest share by fiber type, while aerospace & defense is the dominant application segment. Other key segments include wind energy, automotive, and sports equipment. Geographically, North America is the largest market, followed by Europe and Asia Pacific. Major players in the market include BASF, DowDuPont, Lanxess, SABIC, and DSM. The US advanced composites market is expected to reach $22.5 billion by 2027, exhibiting a CAGR of 6.5% during the forecast period. The market growth is attributed to the increasing demand for lightweight and high-strength materials in various industries, such as aerospace, defense, automotive, and wind energy. Notable trends are: Growing need for energy-efficient and high-performance semiconductors is driving the market growth.

US Automotive Glass Fiber Composites Market size was valued at USD 2.3 Billion in 2024 and is expected to reach USD 4.2 Billion by 2032, growing at a CAGR of 8.0% from 2026 to 2032.

Key Market Drivers

Automotive Lightweight Material Innovation: Automotive lightweight material innovation will propel the US Automotive Glass Fibre Composites industry. The increased need for fuel-efficient, high-performance automobiles is driving manufacturers to use lightweight materials such as glass fiber composites.

The US automotive glass fiber composites market is projected to grow at a CAGR of 3.50% from 2025 to 2033, reaching a value of XX million by 2033. Glass fiber composites are increasingly being used in automotive applications due to their lightweight, high strength, and corrosion resistance. They are used in a variety of applications, including interior and exterior components, structural assembly, and powertrain components. The growth of the US automotive glass fiber composites market is being driven by several factors, including the increasing demand for lightweight vehicles, the growing awareness of the benefits of glass fiber composites, and the development of new technologies that are making glass fiber composites more affordable and easier to use. The market is also benefiting from the growing popularity of electric vehicles, which are using more glass fiber composites in their construction. Report Description The US automotive glass fiber composites market is a growing industry, driven by the increasing demand for lightweight and fuel-efficient vehicles. The market is expected to reach a value of $4.8 billion by 2025, growing at a CAGR of 5.6% from 2020 to 2025. The market is dominated by a few large players, such as Solvay Group, Asahi Fiber Glass Co Ltd, Nippon Sheet Glass Company Limited, Owens Corning, and Jiangsu Changhai Composite Material. These companies account for a significant share of the market and are well-positioned to benefit from the growing demand for glass fiber composites. The market offers a range of products, including intermediate types such as short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), and continuous fiber thermoplastic (CFT). The most common application types are interior, exterior, structural assembly, power-train components, and other application types. The increasing demand for lightweight and fuel-efficient vehicles is driving the growth of the market. Glass fiber composites are a lightweight and strong material, making them ideal for use in automotive applications. In addition, glass fiber composites are resistant to corrosion and chemicals, making them a durable choice for automotive use. Key drivers for this market are: Rise in Tourism Across Activities the Country. Potential restraints include: Hike In Fuel Prices To Restrict The Market Growth. Notable trends are: Increasing Adoption of Glass Fiber Composites in Automobiles.

US Transportation Composites Market growth is driven by increasing demand for lightweight materials, advancements in composite technology, and regulatory support for fuel efficiency.

The high performance composites market is expected to be valued at US$ 13.9 billion in 2024. The high performance composites are predicted to rise at a promising CAGR of 10.3% from 2024 to 2034. The global market is anticipated to reach US$ 36.8 billion by 2034.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 13.9 billion
Projected Market Value in 2034	US$ 36.8 billion
Value-based CAGR from 2024 to 2034	10.3%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	12.7%
Forecast CAGR from 2024 to 2034	10.3%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	10.6%
South Korea	10.8%
Japan	11%
China	11.1%
The United Kingdom	10.9%

Category-wise Insights

Category	CAGR from 2024 to 2034
Thermoset Resins	10.2%
Carbon Fiber Composites	10.1%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 13.9 billion
Projected Market Valuation in 2034	US$ 36.8 billion
Value-based CAGR 2024 to 2034	10.3%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Resin Type Fiber Type Application Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Toray Industries Inc. Solvay S.A. Hexcel Corporation SGL Group-The Carbon Company TPI Composites Koninklijke TenCate NV Owens Corning Corporation BASF SE Teijin Limited Albany International Corporation

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Tooling Composites Market 2024-2028

The tooling composites market size is estimated to grow at a CAGR of 8.37% between 2023 and 2028. The market size is forecast to increase by USD 303.44 million. The growth of the market depends on several factors, including the increasing demand for composite fibers in construction, the increasing demand for tooling composites in the aerospace sector, and the growing use of advanced manufacturing technologies to produce tooling composites

The report offers extensive research analysis on the Tooling Composites Market, with a categorization based on Application, including aerospace, automotive, construction, wind energy, and others. It further segments the market by Raw Material, encompassing polyester, glass fiber, and vinyl esters, and others. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

What will be the Tooling Composites Market Size During the Forecast Period?

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Tooling Composites Market Definition

Tooling composites or composite tooling refers to the use of composites in the engineering of tools as raw materials, which are used for manufacturing new parts or product components. They are less costly and are lightweight with high durability.

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Tooling Composites Market: Key Drivers, Trends, Challenges

Key Tooling Composites Market Driver

One of the key factors driving the tooling composites market growth is the increasing demand for tooling composites in the aerospace sector. The aerospace industry places a strong focus on lightweight materials to minimize the weight of aircraft components and enhance fuel efficiency. In addition, tooling composites, known for their high strength-to-weight ratio, are vital for fabricating lightweight components and molds used in the aerospace manufacturing process.

Moreover, aerospace components require a high degree of precision and customization. In addition, tooling composites enable the creation of molds and patterns that replicate complex and customized parts accurately. Furthermore, aerospace manufacturers often employ advanced manufacturing techniques, such as autoclave curing and resin infusion. Therefore, tooling composites are used to create tooling that can withstand these advanced processes. Hence, such factors are driving the market growth during the forecast period.

Significant Tooling Composites Market Trends

A key factor shaping the tooling composites market growth is the growing use of tooling composites in automotive racing. There is an increasing demand for lightweight and high-performance components in automotive racing to improve the speed, agility, and handling of racing vehicles. In addition, tooling composites play a crucial role in manufacturing these components due to their excellent strength-to-weight ratio.

Moreover, racing teams require precision and customization to achieve optimal performance. In addition, tooling composites are used to create molds and tooling that enable the precise replication of intricate, custom-designed parts. Furthermore, aerodynamics is a critical aspect of racing. Therefore, tooling composites are employed to fabricate aerodynamically efficient components, such as body panels, wings, and spoilers, helping enhance the vehicle performance. Hence, such factors are driving the market growth during the forecast period.

Major Tooling Composites Market Challenge

The high cost of composites is one of the key challenges hindering the tooling composites market growth. The high cost of composites materials in tooling has been a key point of concern related to their increasing use in structural applications. For example, carbon fiber is gaining traction in applications where performance gains derived from a lighter and stiffer part outweigh the additional cost.

Moreover, carbon fiber composite parts offer clear benefits over steel, aluminum, wood, and performance plastics due to their high specific strength and modulus. In addition, the main raw materials of carbon composite materials in tooling are polymeric resins and carbon fibers. Furthermore, the cost of carbon fibers is directly related to the cost and yield of its precursors and the conversion cost. Hence, such factors are hindering the market growth during the forecast period.

Tooling Composites Market Segmentation by Application, Raw Material and Geography

Tooling Composites Market Application Analysis

The aerospace segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of tooling composites to fabricate molds to manufacture aerospace components, such as fuselage panels, wings, and engine com

Metal Matrix Composites Market size is expected to be worth around USD 1124.9 Mn by 2034, from USD 525.9 Mn in 2024, at a CAGR of 7.9%

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Composite Materials Market Size 2025-2029

The composite materials market size is forecast to increase by USD 37.24 billion, at a CAGR of 11.3% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the increasing demand in the transportation industry. Composite materials offer numerous advantages, including high strength-to-weight ratio, corrosion resistance, and durability, making them an ideal choice for automotive and aerospace applications. Aramid fiber, basalt fiber, and carbon fiber are popular reinforcement choices for their unique properties, such as high strength and UV resistance. This sector's growth is further fueled by strategic collaborations, partnerships, and mergers and acquisitions, enabling companies to expand their product portfolios and geographical reach. However, the high cost of composites remains a significant challenge for market growth.
Companies seeking to capitalize on the market opportunities must focus on cost reduction strategies, such as optimizing production processes and exploring alternative raw materials, while also investing in research and development to improve the performance and affordability of composite materials. The production process for composite materials is complex and resource-intensive, leading to higher production costs compared to traditional materials. Additionally, the limited availability of raw materials and the need for specialized equipment and expertise further contribute to the high cost. In the realm of renewable energy, composite materials are increasingly being used in wind energy applications due to their lightweight and high strength properties.

What will be the Size of the Composite Materials Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in material science and technological innovations. These materials, which include thermoset and thermoplastic composites, are renowned for their exceptional properties, such as high strength-to-weight ratio, creep resistance, and thermal stability. In various sectors, composite materials are making a significant impact. Construction applications utilize these materials for their excellent mechanical properties and resistance to chemical and environmental factors. In the automotive industry, composite components offer weight reduction and improved fuel efficiency. In the aerospace sector, composites ensure superior structural performance and durability.

Supply chain management plays a crucial role in the market, with companies focusing on optimizing production processes and ensuring quality control through non-destructive testing (NDT) techniques. Filament winding and resin transfer molding are common manufacturing techniques, while thermoset composites are known for their fatigue resistance and polymer matrix provides excellent design optimization. Thermoplastic composites offer advantages like ease of processing and recyclability. Sandwich structures, honeycomb cores, and advanced resin systems contribute to the efficiency and durability of wind turbine blades.

As the market continues to unfold, ongoing research and development efforts focus on improving surface treatment, material selection, and joining techniques. Standard testing methods ensure consistent quality and performance across various applications, from consumer electronics to biomedical applications. In summary, the market is a dynamic and evolving landscape, with continuous advancements in material science, manufacturing techniques, and applications across various sectors. The ongoing quest for improved properties, cost analysis, and sustainable production methods ensures a vibrant and innovative future for this industry.

How is this Composite Materials Industry segmented?

The composite materials industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Glass fiber
  Carbon fiber
  Aramid Fiber
  Others


End-user

  Electricals and electronics
  Construction
  Aerospace and defense
  Others


Material

  Polymer Matrix Composites
  Ceramic and carbon matrix composites
  Metal matrix composites


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The Glass fiber segment is estimated to witness significant growth during the forecast period. The market encompasses various segments, including resin systems, molding techniques, and fiber types, with glass fiber holding